Business news live: Low rates bet tops virus fears on Wall Street

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Low rates bet tops virus fears on Wall Street

The Nasdaq rose, while the S&P 500 and the Dow fell on Monday, with those betting on low long-term interest rates gaining an upper hand against those who fear surging coronavirus cases will hamper a recovery that can help economically sensitive stocks, a Reuters report noted.

The S&P 500 closed at 4,432.35, down 4.17 points or 0.09%, the Dow Jones Industrial Average fell 106.66 points or 0.30% to close at 35,101.85, and the Nasdaq Composite ended at 14,860.18, up 24.42 or 0.16%.

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